SMES-

GIZ backs local SMEs in food and agriculture: Egypt’s Industrial Modernization Center has inked an agreement with the German development agency GIZ to support local SMEs in the food and agricultural sectors over an 18-month period, according to a statement from the agency. The support will take the form of vocational training programs, as well as courses on how to register with the National Food Safety Authority and comply with international health and safety standards.

RENEWABLES-

Sun Way acquires Go Solar and Green Solar: Egyptian renewable energy firm SunWay Egypt has completed its acquisition of Go Solar and Green Solar — two local firms operating in the installation and supply of solar energy projects — Sun Way Egypt CEO Ahmed Ghandour told Al Arabiya Business, without specifying the value of the transaction.

Next for Sun Way: The company is currently in talks with a number of EGX officials as it looks to list on the bourse. It has already grown familiar with the listing requirement and it aims to make its debut next year, Ghandour said.

REAL ESTATE-

Egyptian developer Golden Town Development will invest over EGP 10 bn in “the next stage” in the local real estate market under a newly-inked partnership with Saudi businessman Ahmed Al Juhani, according to a press release. “This alliance aims to pump huge investments, acquire a large and distinctive land portfolio, and establish many real estate projects during the coming period,” Golden Town Chairman Raafat Maher said.

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